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DOE Announces $3.3B in Grants for Smart-Grid Initiatives

Amidst a backdrop of increasing renewable electricity demand from consumers and questions about the ability of electrical grids to handle the extra power sources, the U.S. Department of Energy (DOE) plans to distribute more than $3.3 billion in smart-grid technology development grants and an additional $615 million for smart grid storage, monitoring and technology viability, as part of the American Recovery and Reinvestment Act.